Key Influencer in the Valuables Custody Service Market 2025: Rising Theft and Crime Incidents to Boost Valuables Custody Service Market Driver

What Is the Forecasted Market Size and Growth Rate for the Valuables Custody Service Market?_x000D_
The market size for the safekeeping of valuables has seen considerable growth in the recent past. It is projected to expand from $24.39 billion in 2024 to $26.4 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. Factors such as rising worries about theft and loss, increased need for secure storage options, a surge in the number of affluent individuals, stricter regulatory requirements, and greater urbanization which leads to a higher concentration of valuable assets, have contributed to the growth in the historic period._x000D_
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The market for valuables custody service is projected to witness substantial expansion in the forthcoming years, escalating to $35.79 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. This growth during the projection period can be connected to the surge in investments in rare and prized assets, heightened consciousness about asset protection among wealthy individuals, increased consumption of luxury and high-cost goods, the emergence of new threats and security risks, and regulatory changes promoting rigorous asset protection standards. Major trends anticipated in the forecast period include progress in biometric security technology, the use of AI in inventory management, the trend of digital vault services, the inclusion of blockchain technology for tracking assets, improvements in smart vaults featuring live monitoring, advanced customer personalization through data analysis, and the surge in utilization of environmentally friendly storage solutions._x000D_
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What Factors Are Propelling the Expansion of the Valuables Custody Service Market?_x000D_
The increasing occurrences of theft and crime are predicted to drive the expansion of the valuables custody service market. Theft and crime entail illegal activities that involve unauthorized taking of property or engaging in acts contravening the law, causing harm or damage to individuals or society. Factors such as growing poverty, unemployment, and social disparity fuel the rise in theft and crime. By offering enhanced security measures, centralized storage, and expert risk management, valuables custody services curtail theft and crime, making it extremely challenging for perpetrators to reach and steal high-value assets. For example, in January 2024, the Council on Criminal Justice (CCJ), a nonprofit organization based in the US, reported that the average rate of motor vehicle theft in 34 US cities in 2023 was 105% more than in 2019, with thefts in 2023 being 29% more than in 2022. Hence, the escalating occurrences of theft and crime contribute to the growth of the valuables custody service market._x000D_
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Which Businesses Are at the Forefront of Valuables Custody Service Market Development?_x000D_
Major companies operating in the valuables custody service market are JPMorgan Chase & Co., Citigroup Inc., HSBC Holdings plc, Swiss National Bank, Deutsche Bank AG, Standard Chartered PLC, Commonwealth Bank of Australia, G4S plc, The Bank of New York Mellon Corporation, DBS Bank Limited, Lloyds Bank plc, Axis Bank Limited, Northern Trust Corporation, The IDBI Bank Limited, Metro Bank PLC, Centenary Rural Development Bank Limited, Gemini Trust Company LLC, Nexo, Fireblocks LLC, Bank of Saint Lucia Ltd., Kefron, Xapo Bank, GK8, Fidelity Digital Assets, The Safe Deposit Company _x000D_
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Which Businesses Are at the Forefront of Market Development?_x000D_
In a bid to bolster the security and safeguarding of digital assets, key players in the valuables custody service market are introducing digital asset custody insurance facilities. These facilities involve insurance policies and coverage programs that are tailor-made for the protection of digital assets. For example, Lockton, an American insurance brokerage and risk management company, launched a top-tier custody insurance facility in October 2022. Lockton's LEAP team provides specific coverage, backed by Lloyd's syndicates and premier insurers, contributing over $850 million in coverage. This establishment safeguards securely stored private keys, inclusive of those employed in multi-party computation (MPC) solutions, thereby enhancing risk abatement for digital asset custodians and technology providers._x000D_
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How Is the Valuables Custody Service Market Segmented?_x000D_
The valuables custody service market covered in this report is segmented - _x000D_
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1) By Type: Property Contract, Will, Document, Other Types_x000D_
2) By Services: Core Custody Services, Ancillary Services, Core Depository Services, Other Administrative Services_x000D_
3) By Application: Enterprise Application, Personal Application, Other Applications_x000D_
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Subsegments:_x000D_
1) By Property Contract: Real Estate Contracts, Lease Agreements, Business Contracts, Intellectual Property Agreements _x000D_
2) By Will: Last Will and Testament, Living Will, Joint Wills, Holographic Wills _x000D_
3) By Document: Legal Documents, Financial Documents, Personal Identification Documents, Medical Records _x000D_
4) By Other Types: Trust Documents, Power of Attorney Documents, Insurance Policies, Sensitive Personal Items _x000D_
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Where Is the Valuables Custody Service Market Growth Most Prominent?_x000D_
North America was the largest region in the valuables custody service market in 2024. The regions covered in the valuables custody service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Valuables Custody Service Global Market Report?_x000D_
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- Market Size Analysis: Analyze the valuables custody service Market Size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the valuables custody service market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall valuables custody service market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the valuables custody service market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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